Distance from the record
This close sat 35.73% below the highest gold close recorded up to that date, set on 2011-08-22.
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This page is a historical record of the gold price in 27 May 2016, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 22 February 2016
Gold closed at $1,213.80 per troy ounce on 27 May 2016, down $6.300 (0.52%) from the previous close of $1,220.10.
Notable session: lowest close of the month.
This close extended a run of 8 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 35.73% below the highest gold close recorded up to that date, set on 2011-08-22.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,185.90, making this a +2.35% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,213.80 per troy ounce on 27 May 2016. That is $6.30 lower than the previous close of $1,220.10, a move of -0.52%.
The gold price fell on 27 May 2016, losing $6.30 (0.52%) against the previous session's close of $1,220.10.
At $1,213.80 per troy ounce, one gram of pure gold was worth about $39.02 on 27 May 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 27 May 2016 18k gold was worth about $29.27 per gram and 14k about $22.76 per gram, against $39.02 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 74.7 on 27 May 2016, meaning one ounce of gold was worth roughly 74.7 ounces of silver.
A week before 27 May 2016, gold was around $1,252.40 per troy ounce, so the close of $1,213.80 is a loss of 3.1% over the week.
This close was session 8 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 35.73% below the highest close on record up to that date, which was set on 2011-08-22.